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MAPFRE'S NET ATTRIBUTABLE RESULT IN 2007 GREW ALMOST 20%, TO 731 MILLION EUROS ($1 BILLION)
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THE GROUP’S REVENUES EXCEEDED 15,200 MILLION EUROS ($22 BILLION), A 12% INCREASE OVER THE PREVIOUS YEAR- MAPFRE has ended its first year with its new corporate structure, consolidating its position as the leading insurance group in Spain, and in Non-Life lines in Latin America. - Premiums from the insurance business in Spain have increased 9.9%, significantly exceeding the growth of the sector.- The size of its business abroad has increased, with outstanding premiums growth in Direct Insurance (19.6%), Accepted Reinsurance (11.4%) and Assistance (6.2%). - Its international expansion strategy has continued, widening its presence to new markets: USA, Turkey, India, ... |
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MAPFRE APPROVES ITS 2007 ACCOUNTS WITH A RECORD PROFIT
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Dividend per share increases 44% In 2008, the Group anticipates revenues from operations In excess of 17,500 million euros. MAPFREs Annual General Meeting of Shareholders approved today, among other agreements, the Groups results and the dividends to be paid out of the year 2007 results, the reorganisation of the strategic alliance with CAJA MADRID and the renewal of its Board of Directors. MAPFRE closed the first year under its new corporate structure reaching the largest attributable profit of its history (731 million euros, an increase of nearly 20%) and revenues from operations exceeding 15,200 million euros (12% higher). These figures confirm ... |
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MAPFRE ESTABLISHES A REINSURANCE SUBSIDIARY IN BRAZIL
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MAPFRE RE will establish a subsidiary in Brazil, following the meeting held today with the insurance regulator of the country (SUSEP). This decision confirms MAPFRE RE's commitment to Latin America and is consistent with the increasing importance of the Brazilian insurance market and the recent opening of the country's reinsurance market to local and foreign entities.
The new company, which will be a 100% owned subsidiary of MAPFRE RE, will have an initial capital of 70 million Brazilians Real (25.3 milion euros) and will operate under the name MAPFRE RE DO BRASIL Companhia de Resseguros. MAPFRE RE will also offer ... |
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MAPFRE REACHED A NET RESULT OF 287 MILLION EUROS IN THE FIRST QUARTER OF 2009, AN INCREASE OF 0.2%
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REVENUES EXCEEDED 5,412 MILLION EUROS, AN 8.7% INCREASE OVER THE PREVIOUS YEAR AND PREMIUMS GREW 11.1%
Professionalism in underwriting and investments are the key for a management that succeeded in increasing its recurrent result by 16.3%, and achieving a slight growth of its reported result, in spite of the larger extraordinary results accounted for in the first quarter of 2008.The Group's solid international presence allows a continued growth in prominence despite the recession in the insurance sector in Spain. Revenues grew by 8.7% and premiums by 11.1%.The Group has reinforced its solvency, increasing its equity by 266 million euros since the end ... |
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CAJA DUERO AND MAPFRE FORMALISE THE AGREEMENT TO JOINTLY DEVELOP LIFE ASSURANCE PRODUCTS AND PENSION FUNDS
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MAPFRE and Caja Duero have announced today the signing of the agreement to jointly develop, sell and distribute Life Assurance and Pension Funds through the said savings bank's network. According to this agreement, Caja Duero and MAPFRE will each own a 50% shareholding in Unión Duero Vida and Duero Pensiones.
The agreement will be signed today in Salamanca by the Chairmen of Caja Duero and MAPFRE, Mr. Julio Fermoso y Mr. José Manuel Martínez, respectively. The goal of this agreement is to boost, thanks to the specialised management of MAPFRE, the development of the Life and Pensions Businesses of Caja Duero, ... |
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MAPFRE INCREASED IN 2008 ITS NET RESULT 23.2%, TO 900.7 MILLION EUROS
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MAPFRE INCREASED IN 2008 ITS NET RESULT 23.2%, TO 900.7 MILLION EUROS
REVENUES EXCEEDED 17,700 MILLION EUROS, A 19% INCREASE OVER THE PREVIOUS YEAR WILL INCREASE TOTAL DIVIDEND TO 0.15 EUROS PER SHARE
MAPFRE has ended 2008 with growth rates above-market average in the majority of countries and lines in which it operates. The Group shows a solid business growth and maintains its position as leading insurance company in Spain and in Non-Life businesses in Latin America
The premiums from the insurance business in Spain have increased 5%, reaching almost 8,330 million euros
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MAPFRE ACQUIRES A 50 PER CENT STAKE OF THE PORTUGUESE INSURER FINIBANCO VIDA
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The agreement reached with FINIBANCO also includes fostering comercialization of Non- Life insurance products of MAPFRE and the distribution of financial products from the bank
MAPFRE and FINIBANCO have reached today an agreement for the acquisition by MAPFRE of a 50% stake of the Life insurer subsidiary of the Portuguese entity, FINIBANCO VIDA. The acquisition, subject to regulatory approval, will take place through MAPFRE INTERNACIONAL and its Portuguese subsidiary, MAPFRE SEGUROS GERAIS, which will take on the management of FINIBANCO VIDA.
The agreement provides that FINIBANCO will distribute through its network of 172 branches, and exclusively, Life insurance products from FINIBANCO ... |
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MAPFRE INCREASED REVENUES 8.9% (5,892.4 MILLION EUROS) IN THE FIRST QUARTER
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NET ATTRIBUTABLE RESULT AMOUNTED TO 273.1 MILLION EUROS
- The recovery in sales in Spain as well as the international and reinsurance businesses drive the growth in revenues - The net result of the insurance business grow 11.1% - Equity has increased 262.3 million euros
MAPFRE achieved in the first quarter of the year a net attributable result of 273.1 euros million, 4.8% less than in the same period of the previous year, as the extraordinary results obtained in 2009 by the Group’s parent holding company were not repeated. However, the net result of the insurance business grew 11.1%, despite the impact of ... |
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MAPFRE AND BANCO DO BRASIL SIGN A MEMORANDUM OF UNDERSTANDING TO NEGOTIATE THE JOINT DEVELOPMENT OF THE INSURANCE BUSINESSES OF BOTH GROUPS IN THE BRAZILIAN MARKET
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MAPFRE and BANCO DO BRASIL have signed a Memorandum of Understanding to negotiate the establishment of a strategic alliance. The objective would be to jointly develop the insurance businesses of both Groups in the Brazilian market in the Personal, Property and Motor insurance lines, which will benefit from the structures and capabilities of BANCO DO BRASIL and MAPFRE.
The constitution of the agreement will lead to the creation of one of the most important insurance groups in Brazil, which would consolidate the joint positions of both partners in this sector with a market share of 16% and premiums of BRL 4,000 ... |
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MAPFRE, ELECTED BEST PRIMARY INSURANCE COMPANY IN LATIN AMERICA FOR THE FIFTH CONSECUTIVE YEAR
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Rafael Casas, CEO of MAPFRE AMÉRICA, elected Best CEO in the Emerging Markets category
MAPFRE was elected Best Latin American Primary Insurance Company by Reactions, a Euromoney group magazine, for the fifth consecutive year. In this year’s edition, Rafael Casas, CEO of MAPFRE AMÉRICA, was also elected Best CEO in the Emerging Markets category. As in previous occasions, the Reactions magazine granted these awards following a survey among its readers, who are professionals from the financial, insurance and legal sectors.
In this edition, Jaime Tamayo, Chairman and CEO of MAPFRE USA, received both awards on behalf of MAPFRE in an event ... |
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MAPFRE, AMONG THE 40 WORLD'S BEST COMPANIES
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• According to the study published by the magazine Business Week, MAPFRE Group ranks 21st in the World’s Best Companies 2009 / Global Top 40.
• Is the only insurer in the world, and the first company in the financial sector, included in the list of the 40 companies that, according to the magazine, “are thriving in the recession and preparing for beyond”
MAPFRE ranks 21st in the World’s Best Companies 2009 / Global Top 40 list published by the US magazine Business Week, which includes the companies that, in the current crisis environment, have “a commitment to innovation, diversified portfolios, aggressive expansion, ... |
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